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BT slammed for FAILING to explain why its broadband investment has shrunk

BT's policy supremo was mauled this afternoon by MPs demanding to know why the telecom giant's investment in the UK's government-subsidised broadband deployment had dramatically shrunk.

The company is the only telco to have won any of the taxpayer-funded Broadband Delivery UK (BDUK) contracts to roll out high-speed internet access across Blighty. And it's set to bag all of them after Fujitsu, its only competitor, withdrew from the race for the £1.2bn pot of cash earlier this year.

Parliament's Public Accounts Committee chairwoman Margaret Hodge questioned BT's financial commitment to the entire project during a hearing today: in 2012 BT pledged to plough a "further £1bn" of its own money, as well as the government's BDUK funds, into providing broadband to the final third of the country where private investment had been deemed not commercially viable.

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